Basis stablecoin project will shut down and return all funds (cryptoinsider.com)

The Basis stablecoin project must close operations due to regulatory difficulties. Basis received $133 million in funding as a highly anticipated stablecoin venture. Closing up shop According to yesterday’s report from The Block, intel from one Basis investor stated the presence of a contract indicating how the raised funds would be utilized.…
Source: cryptoinsider.com: Basis stablecoin project will shut down and return all funds